In this June 8, 2009 file photo, Apple interim CEO and Chief Operating Officer Tim Cook smiles before the start of the the Apple Worldwide Developers Conference in San Francisco. (AP Photo/Paul Sakuma, File)

(Newser)
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"Thanks for taking over as Apple's CEO, Tim. And by the way, here's $383 million." That's not an exact quote, but yes, Apple is awarding Tim Cook with one million shares currently valued at $383 million for taking the helm until 2021. MacRumors reports the only catch: Cook gets half of the shares in five years, and the other half if he stays until the end of his tenure. The so-called "restricted stock unit" (meaning it's not issued right away) was revealed in a mandatory filing by Apple to the SEC this week. For the record, Cook made $58 million in salary, bonus, and other stock awards for being Apple's COO last year.

I think it's wonderful that the company voices its confidence in him with such a tremendous compensation bonus. However there are tens of thousands of loyal ( some formerly loyal now) Apple users sitting out here in the real world with unusable Macs that we paid premium prices for ( $1700 for me). Unusable because of the widespread, and widely denied, "logic board issue" which Apple refuses to address other than to tell us each that they never heard of it before , and it requires $400 to fix. I have a very expensive paperweight now and its beautiful, but by now I would have already upgraded twice and remained a fan if Apple had just stepped up and taken care of the customers who helped it on its run to the top of industry instead of just waiting for us to buy again. Or go away. Wouldn't have taken much of that $384 Mil to maintain my trust and respect, and those of others with a simple repair.

guvner

Aug 28, 2011 12:05 AM CDT

Excellent! ! Lefties live some fantasy land whre everyone is lobotomized, there is no meritocracy, and the stupid have the same worth as the brilliant. Yet they have no problems to use and benefit from the fruits of those smarter than they even as they demonize those people making their cushy lives possible. Tough luck - join a fucking kibbutz.